Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Balakong *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed

Landed

Commercial

Avg Transacted Price

Avg Transacted Price(Psf)

Avg For Sale Listing Price

Avg For Sale Listing Price(Psf)

Avg For Rent Listing Price

Avg For Rent Listing Price(Psf)

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Neighbourhood Review

Accessibility

Traffic

Safety

Convenience

Balakong is a township located in Selangor neighbouring Kajang and Cheras. Coming with a very long history, this locality was originally a quaint little village that was surrounded by rubber plantations before the 1980s.

With development came modernisation, and this township is now the proud host of several international tiered schools, shopping malls and hospitals within its vicinity, anticipating the demand for modern and urban infrastructures which cater to both locals and expatriates alike.

With its location being comparatively far from the city centre, homes here are more affordable for the middle income group, whilst the lifestyle of residents in this town is estimated to improve upon completion of all the upcoming developments.

A worrisome situation however, is that Balakong has recently seen a rise in crime rates and residents have reported that incidents such as snatch thefts and break-ins are now rather common.

Consumer Price Index

This is a representation of Selangor Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.644% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.448% in the year 2014 while surging by 2.523% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 111.0 in 2014, 113.8 in 2015.

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